Bitcoin Spark (BTCS) has been making crypto news headlines since August. According to market observers, this new cryptocurrency is set to outperform XRP.
Is XRP a good investment?
XRP has long held the attention of investors within the cryptocurrency space due to its unique features and potential for disruption in cross-border payments. Its fast transaction speed, relatively low fees, and utilization by many financial institutions have led many to believe that XRP could be a promising investment. However, the cryptocurrency’s journey has been marred by a significant legal dispute with the U.S. Securities and Exchange Commission (SEC). On July 13, almost three years after the lawsuit was filed, Judge Analisa Torres issued a verdict, rejecting the SEC’s allegations that all XRP sales are unregistered securities transactions in violation of Section 5 of the Securities Act. The partial victory for XRP was met with enthusiasm from the crypto community. But the SEC is seeking an interlocutory appeal of Judge Torres’ ruling, claiming that an appeal could address legal issues on which there was ground for differences of opinion.
Bitcoin Spark: A better addition to your portfolio?
Bitcoin Spark has been referred to as the next Bitcoin. This groundbreaking Bitcoin fork maintains the best attributes of Bitcoin, including its max supply of 21 million, while introducing features that enhance efficiency and scalability.
The Bitcoin Spark network will have faster transaction processing due to its reduced block time and increased individual transaction capacity per block. The network combines these changes with a drastically increased number of nodes to ensure lower transaction fees. Bitcoin Spark will also allow for smart contract development through separate contract execution systems, all reaching finality on the main network. This layered design will enable developers to use different programming languages, including Rust, Solidity, and Vyper. Bitcoin Spark is therefore poised to have a robust ecosystem of decentralized applications (dApps).
One of the most notable aspects of Bitcoin Spark is its novel consensus mechanism, the Proof-of-Process (PoP). This innovative cross between Proof-of-Work and Proof-of-Stake rewards miners/validators for confirming blocks and contributing their processing power to the network. The power provided is then rented out to Bitcoin Spark’s clients, who use it to perform high CPU/GPU load tasks. Those using the remote computing power must pay with BTCS, significantly enhancing the token’s utility. Additionally, the revenue generated from the decentralized CPU/GPU is distributed as mining rewards, providing extra income to miners.
The team behind Bitcoin Spark ensures that anyone can mine BTCS, greatly increasing the blockchain’s security. The Bitcoin Spark application, lightweight software that can be installed on Windows, Android, iOS, Linux, and Mac OS, will enable users to mine by providing access to their device’s processing unit. The dev team has ensured the safety of the application, as it will function in a virtual environment separate from the device’s operating system functions. Additionally, miners will be able to select the number of device resources permitted for mining use.
Bitcoin Spark will also include advertising as a secondary revenue-generation source within its network. This takes advantage of the growing marketing industry and provides a third income stream to miners and network participants, as they will receive 50% of the revenue generated.
The Bitcoin Spark Initial Coin Offering (ICO) has witnessed increased investments, with a crypto whale significantly pushing the progress of the current phase. BTCS is selling at $1.75, with a 15% bonus on top.
While the crypto market is highly unpredictable, many factors point to Bitcoin Spark (BTCS) outperforming XRP.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx